Connecticut Set to Start Taxing Digital Goods as of October 1
Just what Connecticut needs, more taxes.
Connecticut's new taxes on 'digital goods' kick in on Tuesday, October 1. According to the State of Connecticut Department of Revenue Services, the term 'digital goods' includes all electronically accessed or transferred audio and video works and audio-visual works. 'Electronically accessed' includes downloading and streaming of digital goods onto an electronic device. In plain English, it means these items will be taxed at the 6.35% rate.
- Stock Photos
- Clip Art
- Greeting Cards
- Consumer-level software
- Entertainment Programs
- Magazines and Books
But wait, there's more. Also included in this new tax will be computer programs, computer games, digital game content, and smartphone apps. Now, the good news. The following items will not be subject to the 6.35% tax.
- Newspapers and Magazines by Subscription
- College Textbooks whether they be hard copies or digital copies
- Charges for access to an online professional or academic research database...
Did you know that Connecticut has a diaper tax but for kids only? Adult diapers are not taxed. I wonder if Governor Lamont is aware that Connecticut had the third-highest rate of people moving out in the nation according to the 2018 United Van Lines's National Movers Study.
Time to wake up Gov because after checking a July 19, 2019 article at bankrate.com. I've discovered that Connecticut came in at #30 as the best states for retirement. I don't know about you, but I love it here, I just can't afford to stay in Connecticut when I retire.